CNH Industrial (NYSE:CNHI) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS
CNH Industrial (NYSE:CNHI) released its quarterly earnings results on Thursday. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.05, MarketWatch Earnings reports. The firm had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $4.33 billion. CNH Industrial had a net margin of 4.13% and a return on equity of 5.57%.
CNH Industrial stock traded down $0.47 on Friday, reaching $6.79. The company’s stock had a trading volume of 2,256,115 shares, compared to its average volume of 1,350,124. The company has a debt-to-equity ratio of 4.18, a quick ratio of 4.61 and a current ratio of 6.13. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 31.57 and a beta of 1.50. The business’s fifty day moving average price is $7.07 and its 200 day moving average price is $7.46. CNH Industrial has a twelve month low of $5.06 and a twelve month high of $11.99.
A number of research firms have recently weighed in on CNHI. Kepler Capital Markets cut shares of CNH Industrial to a “hold” rating and set a $7.00 price target on the stock. in a research note on Thursday, July 9th. Bank of America lowered shares of CNH Industrial from a “neutral” rating to an “underperform” rating and set a $5.50 price objective on the stock. in a report on Monday, April 13th. Zacks Investment Research raised shares of CNH Industrial from a “sell” rating to a “hold” rating and set a $7.50 target price for the company in a research report on Wednesday, July 1st. Stifel Nicolaus decreased their price target on shares of CNH Industrial from $8.00 to $7.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Finally, Deutsche Bank assumed coverage on CNH Industrial in a research note on Tuesday, June 30th. They set a “hold” rating and a $7.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $8.25.
CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.
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